Related Group CEO Jorge Pérez told Bloomberg that he hopes to eventually hand over his real estate empire to his sons, Jon Paul and Nicholas. The 66-year-old billionaire said he’d like to see his sons take charge in a few years so he can focus more on travel, philanthropy and art. Pérez is the main…

A foreclosure lawsuit over the former Bertram Yacht property on the Miami River has been resolved and the owner can move forward with a redevelopment plan. Birch Commercial Mortgage, an affiliate of San Francisco-based Alecta Real Estate Investment, filed the $16 million foreclosure lawsuit in January against Interterra Investments Group and Intermarine Investments. Both companies…

The Boulevard 57 condo project in Miami’s MiMo neighborhood has suspended its sales efforts, but the developer insisted that the project is not canceled. The Real Deal reported on July 8 after an interview with Unitas Development Group COO Hector Torres that the project was canceled and the entire site was being marketed for $26…

Nine years after two office buildings in Plantation were destroyed by a fire, a new office building could rise on the site. Plantation Professional Plaza LLC, managed by Atal Bansal, filed an application to build an office building at 1248 and 1310 N. University Drive. Plantation Principal Planner Peter Dokuchitz said it would have 64,473…

The $150 million mortgage on CityPlace in West Palm Beach has gone delinquent, according to Trepp LLC, as owner the Related Cos. seeks flexibility from its lender. The 698,472-square-foot retail center at 700 S. Rosemary Avenue downtown was developed in 2000 by the Related Cos., headed by billionaire Miami Dolphins owner Stephen Ross. It’s still…

The Village of Palm Springs could rezone a 60-acre strip near Palm Beach State College’s Lake Worth campus and JFK Medical Center to double its density as an incentive for mixed-use development. The staff-initiated zoning item will be heard by the city’s Land Development Board on July 12 and then by the Village Council on…

A rendering of 318 Northwest 24th Street Two Zuma investors will open a fast casual chicken restaurant in Wynwood, set to open in time for Art Basel. Part of Block Capital’s property as of last week Le Chick Rotisserie will open in a 4,000-square-foot space at 310 Northwest 24th Street, on the same block as…

Manor Parc With work well underway at its new housing projects in Tamarac, 13th Floor Investments has replenished its construction coffers with two loans totaling roughly $39.4 million. (Click to enlarge) Layout of Manor Parc County records show the financing is for two large pieces of vacant land along Florida’s Turnpike near Commercial Boulevard. The…

The Dixie Mobile Court CK Prive Group, a joint-venture developer of office buildings, just paid $8.5 million for a sizable trailer park near Aventura Mall. Working through an affiliated company, CK Prive bought the Dixie Mobile Court trailer park at 19640 West Dixie Highway in Ojus from a trio of investors, including Pedro Purto, Betty…

A Fairfield Inn & Suites, part of the Marriott chain, recently broke ground in downtown Fort Lauderdale. Coral Gables-based Banesco USA awarded a $16.65 million construction loan to LM Hotels, an affiliate of local firm Lucky’s Management led by Sanjaykumar Patel. John R. Elwell Construction Co. recently started building the eight-story project at 30 S.…